Discussing 5 Common Questions About Naples Real Estate

Visitors to the Sunshine State often fall in love with its pristine beaches and laid-back communities. When it comes to luxury real estate along the Gulf, Naples is the perfect place to call home. This city combines the best weather, location, and amenities, often placing it among the top-rated locales in the country.

If you’re new to Naples and want to learn more, keep reading for answers to five common questions people often ask about the local real estate. Learn more about the market conditions, and be sure to find a Realtor® with Amerivest Realty to find the right home! 

Is Naples a Buyer’s or Seller’s Market?

Collier County experienced one of the hottest real estate markets over the previous 12-month period, creating better conditions for sellers. The Federal Reserve has continued to raise its interest rate for home financing, which can fluctuate the market for both buyers and sellers. Naples luxury real estate has a higher market for cash sales, coupled with a continued increase of all-cash purchases nationwide. Naples continues to see more prospective buyers versus available listings, giving sellers more advantage.

There are a lot of factors at present which can impact the outcome of your new home purchase or property listing. A qualified Realtor® can help you navigate the real estate process to create lasting value for your investment. Amerivest Realty has the experience and technology to achieve your property goals backed by market trends and more.

Is it Better to Buy or Build a New Home? 

Many buyers moving to the Gulf ask if it is an ideal option to build a new home versus buying a property. As always, there are benefits and drawbacks to each route based on your individual needs and preferences. There are many reasons why you should consider buying an existing home (ranging from classic estates to brand-new builds), but remember that a new build can provide a range of benefits, including:

• Building Your Custom Design — Some buyers come to Naples because it is often rated the top place to live in the country but have a dream property of their own. In these cases, building from the ground up can achieve the perfect outcome
  
• Introducing Modern Tastes — As opposed to a complete overhaul when remodeling an older home, you can start with a clean slate and add modern style to your build. Builders will provide a range of options for every detail, enabling you to keep your custom build while generating a timeless property.
  
• Constructing on Ideal Land — Naples is always expanding, giving buyers the opportunity to place their homes on perfect pieces of real estate. Buy a vacant lot near prime golf courses, open spaces, or the beach. Your Realtor® will be able to provide market insights as to the return 
  
• Meeting Most Current Building Codes — Florida is known for having stricter building codes, with newer updates bringing in the safest and most efficient developments. Building a new home ensures everything is up to speed and as safe as possible.
  
• Benefitting from Modern Technology — In addition to your home meeting modern codes you can benefit from a bevy of modern innovations. Home security systems, advanced lighting options, wireless technology, and more will make your home smarter and more efficient.
  
• Reducing Energy Costs — Meeting codes and relying on modern technology can both help to reduce your energy costs. Over the life of your home, these savings can prove to be considerable. Many buyer-turned builders benefit from this statistic when deciding to invest in a new home build.
  
• Avoiding the Competition — Citing previous data, the Naples real estate market is still in the Sellers’ hands, generating considerable competition amongst prized properties. Investing in a vacant lot and building your home avoids the bidding war, avoiding overpayment or losing out on the perfect property.
  
• Creating Lasting Value — Ultimately, building a home of your own will ensure that you get the most return from your investment. Properly maintaining your new home provides decades of value, becoming a generational asset or a prime part of your property portfolio.

So is it a good idea to build your new home in Naples as opposed to buying an existing one? The biggest consideration is budget, as it will always be more costly to build from the ground up. Statistics show that the average cost to build a home was close to 10% more than buying an existing one, although recent market conditions have generally increased the cost of materials and labor.

How Long Will It Take to Buy My Naples Home?

One of our most common questions upfront when buying real estate is how long the process will take. There is often little benefit to rushing the process of purchasing a home, but it can help to keep in mind that closing on a property tends to take around 30 days from the acceptance of an offer to the final closing. Your timetable may differ based on specific requirements or scheduling availability. In some cases, sellers may be incentivized with a fast closing, getting them the payment distribution and free of the title within two weeks. In many cases, the agreed-upon schedule may take upwards of six weeks to fully complete. 

Should I Consider Retirement in Naples?

Florida is known as a haven for retirees looking for an active lifestyle to match the beautiful weather. There are many reasons to consider moving to Naples as a retired citizen, including:

• Premium Outdoor Access — Naples is situated along the Gulf of Mexico next to open spaces, wildlife preserves, and more. Residents can find a lot to do here, whether that includes boating the open waters or golfing on one of many premium golf courses.
• Ideal Weather Conditions — The Gulf weather ranges from the low 90s in the summer to the 70s during wintertime. As a resident, you can enjoy the year-round weather to make the most of our outdoor activities.
• Ample Activities — Beyond soaking up the sun at a local beach, residents can find plenty to see and do across the city. Absorb the arts scene, explore the museum, or set out on one of many trails. Naples offers unique attractions and activities for residents of all ages.
• Tax Relief — Beyond the advantages of no taxes on pensions, income, or benefits, permanent residents can gain additional tax relief through the Homestead Exemption.
• Overall Safety — Retired citizens enjoy living in comfort and luxury here in Naples, and are able to do so thanks to a remarkably low crime rate compared to the bigger cities of Florida. Residents report feeling safe across most sites at all hours, providing additional peace of mind for active seniors.

Is Naples Real Estate a Good Investment?

The luxury and allure of this Gulf-side, beachfront, golf course community combined with beautiful weather provides ample incentive for buying a home, vacation residence, or investment such as a rental property. A majority of residents own their homes, yet the booming tourism and medical industries have introduced additional renters to the market. The recent normalization of remote work has also allowed many buyers to live where they want without having to commute.

This Paradise Coast locale is known for its affluent neighborhoods and high-end amenities. As an investment, Naples real estate is a safe bet for long-term use or as a rental property. 

Find Your Home in Naples With a Local Realtor® 

If you’re ready to buy a new vacation getaway, full-time residence, or investment property, it pays to team up with a local professional who knows how to get the job done. Amerivest Realty specializes in buying and selling Florida real estate along the Gulf of Mexico, including Naples, Estero, Marco Island, Bonita Springs, and beyond. We strive to simplify the process for clients while giving them the insights needed to move forward with confidence.

Ready to buy your home in a beautiful location such as Naples, Florida? Contact us today to speak with a local Realtor® about your property goals!